Deutsche Bank AG Acquires Shares of 21,622 Somnigroup International Inc. $SGI

Deutsche Bank AG purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,622 shares of the company’s stock, valued at approximately $1,695,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP lifted its holdings in shares of Somnigroup International by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock worth $11,420,000 after acquiring an additional 33,729 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Somnigroup International by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after purchasing an additional 325,700 shares during the last quarter. Argent Capital Management LLC raised its position in Somnigroup International by 51.1% in the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock worth $6,739,000 after purchasing an additional 30,839 shares during the period. Allspring Global Investments Holdings LLC raised its position in Somnigroup International by 62.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares during the period. Finally, Emmett Investment Management LP lifted its stake in Somnigroup International by 26.5% in the first quarter. Emmett Investment Management LP now owns 95,825 shares of the company’s stock worth $7,054,000 after purchasing an additional 20,075 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Up 3.1%

Shares of NYSE:SGI opened at $64.40 on Friday. The firm has a market capitalization of $13.55 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The stock has a 50 day moving average price of $70.28 and a 200-day moving average price of $74.63. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.1%. Somnigroup International’s payout ratio is presently 27.20%.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott L. Thompson bought 30,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SGI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zelman & Associates assumed coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target on the stock. Zacks Research cut shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Somnigroup International Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.